Again, welcome to the forum.
I think you could get a very nice setup for ~300 that will last as long as you want it to.
Teton Tioga 8 Large Arbor $155
TFO Signature Series $110 (might want to upgrade to the professional for another $40)
SA Mastery Series Floating Line $50
You can probably find all of these on eBay and save a few bucks but you probably won't get the helpful hints and tips you would get from a local shop. They will probably load you up with some Dacron backing and you are off to the races.