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AltaTac via eBay offers the Timex Men's Ironman Global Trainer GPS Watch, model no. T5k267, for $124.99 with free shipping. That's the lowest total price we could find by $20, outside of the mention below. It features a 20-workout memory, GPS, six operation modes, USB, water resistance to 164 feet, and more.
Of note, the watch is also available in open-box packaging for $117.07 plus $6.99 for shipping.