Many have a fascination with mermaids and now a few tourists say that they may have video proof that the fairytale mystery really does exist. Locals and tourists in the Israeli town of Kiryat Yam have been flocking to the coast in hopes of glimpsing a creature that most people believe only exist in fairy tales.

An alleged mermaid, said to resemble a cross between a fish and a young girl, only appears at sunset on the coast. Some tourist, and locals, say that they have seen what appears to be a woman in the sand and as they approach her, she seems to disappear into the sea.

For months the buzz around the small town has been that a mermaid does exist, yet it is elusive and nobody has been able to get close enough to it. So much, the city has offered up a $1 Million reward to anyone who can capture the elusive creature.

Perhaps it is a hoax, an optical illusion, or a simple misidentification of a sea animal, but the mystery remains open. In this video you see something slide into the sea with a tail following, but it is very difficult to say whether or not this really is a mermaid!!

In any case, the small town has reeked the benefits in tourism dollars as many have flocked to the small Israeli town in hopes of catching a glimpse of the mysterious creatures only known to exist in fairy tales.