REI offers the Garmin eTrex 30 Handheld GPS Navigation System for $199.99 with free shipping. (Academy Sports & Outdoors has it for the same price.) That's the lowest total price we could find by $35. It features a 3-axis compass, 2.2" color display, 1.7GB internal memory, altimeter, microSD card slot, and waterproof design.
Orders placed by December 23 at 1 pm ET are guaranteed for Christmas delivery.