It's actually around 100 dollars, but you can get one with 3 batteries that works superb! Comes with a 720p camera and all.
I made a video review on it over here: https://www.youtube.com/watch?v=UXs2LlEVbXc
It's a good way to get into the hobby for cheap and experience stable flight. It also has a return to home function.
What do you think about it?