Thanks everyone this is really helpful; putting things into perspective nicely.

EJuste, this bike will be used for commuting, touring, weekend riding etc. Basically everything except racing. I don't need the frame that will let me go the fastest. I like to keep nice things nice so I have other bikes for rain, snow, bike polo.

Amani, I'm looking for something around 56 cm.

I've kinda realized that my initial price range is probably higher than necessary.. It seems like I could put together an entire bike for around that price or even less.

I check craigslist practically on the hour.. I'm bound to strike gold one of these days. I guess I'll just keep on looking and be patient.