B&H Photo Video offers the first-generation Apple Watch Sport 42mm Aluminum Smartwatch with Woven Nylon Band in Space Gray, model no. MMFR2LL/A, for $229.99 with free shipping. That's $41 under our mention of a refurb from August and the lowest total price we've seen for this device in any condition, outside the offer below. (It's also the best price we could find today by $57.) It features a heart rate sensor, accelerometer, gyroscope, ambient light sensor, speaker and microphone, 802.11n, Bluetooth 4.0, and water resistance to 3 feet.
Not too picky about the color? It's also available in Scuba Blue for $209 with free shipping.