I bought this on Black Friday which gave me a price around $160 after NYS tax.  Personally I feel this is the most this item should cost.  It is nice but it's particle board with laminate on it.  That's not super expensive to make and a full price of over $300 would have been a joke to me.   All in all though, this item is very nice and I would purchase again if needed and was around $200 or less.    It's pretty easy to put this together as well. 
Only reason for 4 stars is that I don't agree with the retail price of over $300 for this item.