Well within your budget, you can buy the Pro-ject RM10, which includes a 10" carbon fiber arm, thick/heavy glass platter with magnetic repulsion bearing to reduce inertia. The included isolation bass is very effective and a must-have type component for best analog performance. If you add the Speed Box II you'll have an excellent TT with great customer support from Sumiko in the USA. The RM10 competes with much more expensive TTs and has to be on the short list of best buys in the price range.
Dave
Dave