Verizon has finally announced the price tag of the much-awaited Samsung Galaxy Nexus phone and from the announcement, the phone will be priced at $229.99 with a two-year contract from the network. The price sounds about right for a high-end device as they’ve recently released the HTC Rezound and Droid Razr for $300 on a two-year contract.

As a reminder, the Galaxy Nexus features a 4.65 inch touchscreen display and will be the first to run Android Ice Cream Sandwich 4.0.