I had never heard that; even if true, though, it only proves what it says - that humanity can be traced back to 3 couples.
A localized flood is definitely possible. One must remember that in Biblical times most people did not ever wander more than 50 miles from where they were born - easy to see where someone might believe the whole world had been flooded. A global flood, though, would have left a plethora of indelible geological & biological signatures that simply aren't there.
If the purpose of Noah's flood was to wipe out (most of) humankind, what would be the necessity to take out unpopulated areas?