I paid about that: $235. FWIW, rode over to Lawrence square after buying the boots, and the skies opened up. In that downpour, my feet were dry. Took another ride last night and went along Unwin, behind a dump truck full of snow. Unwin was one giant puddle that I rode through, and my feet remained dry. They are really worth it because they seem to work! I will have to report back once the temps plunge, because I didn't examine the insoles very carefully; hence, I don't know if they are insulated.