This deal has ended.
Update: this has gone up $10. Overstock has this New Yorker Cream Microsuede Sofa Bed for only $259.99 after a $30 off $250 coupon that will appear in your cart. This has a versatile design (see pictures on landing page) that can be shaped into 144 different configurations, giving it flexibility with many room types. A pillow is included. Shipping is $2.95 and there is no sales tax (except IN, UT).