It might be if it's a recent 105 set and not something old, but if you watch CL you can often fine new take-off groupsets for about that much.. a lot of people buy a bike already built up, then change out everything to campy. There is (or was) a Dura-Ace set on my CL for $600... which was just such a case.
I doubt that a 44cm frame would fit you if you're riding a 51.



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