You missed the GM204 PCB leak? http://www.techpowerup.com/202714/is-this-the-first-picture-of-geforce-gtx-880.html
This is more ~400mm².
That sounds like a high estimate. GM107 is 25% larger than GK107 where the difference is 2.5x the number of SM's and the large L2.
If we assume 2x the number of SM's in GM204 vs GK104 and a similar increase in L2 it should be closer to 370mm^2. Of course there could be more to Maxwell than we've seen so far.