Blueridge makes some nice guitars in that price range. I can heartily recommend the BR-163 (OM, spruce over rosewood, long scale).
The Epiphone Masterbilt series is somewhat hit-or-miss based on reports I have read, but the one I have is very nice (dread, spruce over hog, long scale with cutaway and electronics).
The Yamaha L series (LS=OM, LL=dread, and LJ=mini jumbo) is highly regarded.
You have a wealth of possibilities. Enjoy the hunt!
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Epiphone Masterbilt Hummingbird
Epiphone Masterbilt AJ-500RENS
Teach us what ways have light, what gifts have worth.
Edna St. Vincent Millay
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