As the amazng Amethyst Jetamine was saying, there are many other great deals out there.
http://community.secondlife.com/t5/Parcels-for-Rent-Mainland/Beautiful-LUXURY-HOME-with-Customizable-Zen-Garden-Only-L-599-w/td-p/1693269
I came across this land for example that is 1,472 m with a pool, house, tiki bar and jacuzzi going for only 599/w. This type of deal is rare but it goes to show that in a place like Second Life where competition is thick, highly competive pricing and patience are two keys to success.