<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED-TOMOKA LAND CO.'S SEPTEMBER 30, 1996 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 129,361 <SECURITIES> 967,697 <RECEIVABLES> 12,974,934 <ALLOWANCES> 0 <INVENTORY> 18,085,477 <CURRENT-ASSETS> 0 <PP&E> 35,083,660 <DEPRECIATION> 12,475,635 <TOTAL-ASSETS> 56,978,202 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,261,272 <OTHER-SE> 25,062,344 <TOTAL-LIABILITY-AND-EQUITY> 56,978,202 <SALES> 14,355,392 <TOTAL-REVENUES> 15,359,370 <CGS> 6,967,655 <TOTAL-COSTS> 9,601,785 <OTHER-EXPENSES> 1,768,217 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 671,006 <INCOME-PRETAX> 3,318,362 <INCOME-TAX> 1,183,573 <INCOME-CONTINUING> 2,134,789 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,134,789 <EPS-PRIMARY> 0.44 <EPS-DILUTED> 0.44