Youll need to provide more information to satisfy the old smokeys:
What are you going to drink? Espresso, long blacks, or milk based drinks?
If youre just drinking just one or two a day, how about trying something a little different like a Presso?
Itll cost less than half your budget (check out the sitesponsor details on the left), and you could spend the other half on a Sunbeam grinder, EM450 or EM480. Then you can grind fresh beans, freshly roasted. If youve got some spare change you could even get a popcorn popper and roast your own.
Check out stoveboys living with Presso thread.
It inspired me. ;)