Have a look at this link, it's called the Gypsy, it is 3ch and a very gentle flier, a couple guys at our club have them & they love this thing! They'll fly for 20-30 minutes then put the battery to the meter to see they've only used maybe half the charge. They throttle up high then just soar around with it, seems they can fly this thing just about as long as they wish. They fly em from there easy chairs & just relax & have a good ol time with it. May go over your stated budget to set it up with a small brushless outrunner & a 2-cell lipo, but for the flght characterics you are looking for, this is the one. Good luck in search.
http://www.horizonhobby.com/Shop/ByC...ProdID=EFL2050


Mark