<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from
Consolidated-Tomoka Land Co.'s September 30, 1997 10-Q and is qualified in its
entirety by referenct to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                         167,604
<SECURITIES>                                 1,001,077
<RECEIVABLES>                               15,228,065
<ALLOWANCES>                                         0
<INVENTORY>                                 18,579,547
<CURRENT-ASSETS>                                     0
<PP&E>                                      30,234,687
<DEPRECIATION>                              11,393,372
<TOTAL-ASSETS>                              55,819,305
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,310,792
<OTHER-SE>                                  26,077,726
<TOTAL-LIABILITY-AND-EQUITY>                55,819,305
<SALES>                                      9,900,718
<TOTAL-REVENUES>                            11,005,673
<CGS>                                        5,620,091
<TOTAL-COSTS>                                7,990,109
<OTHER-EXPENSES>                             2,019,500
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             649,469
<INCOME-PRETAX>                                346,595
<INCOME-TAX>                                   117,531
<INCOME-CONTINUING>                            229,064
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   229,064
<EPS-PRIMARY>                                      .04
<EPS-DILUTED>                                      .04