BuyDig offers the Nikon 1 S2 14.2-Megapixel Mirrorless Digital Camera with 11-27.5mm Lens in Red, Black, White, or Yellow for $319. Coupon code "DIG2X50" cuts it to $219. With free shipping, that's the lowest total price we could find by $170. Features include a Nikkor 11-27.5mm f/3.5-5.6 compact zoom lens, 3" LCD, 1080p video, and microSDXC slot.
Of note, each bundle is also available with the Nikon Waterproof Housing, model no. WP-N3, for $349 before the coupon above, $249 after. (Scroll through "More Options" for the various colors.) With free shipping, that's a price low for this bundle by $250.