I'm clearly old, but I'm sure I remember the Tamiya Frog was about £100 in the mid 1980s, plus radio - IIRC it was about £130 for a complete kit. That equates to about $500 in today's money, so it's not a crazy after all...
Given we've had about 100% inflation since then, it's actually not that crazy. A $250 RC car would have been extravagant, sure, I think my fanciest was about $100 back then, but not unthinkable.