<ARTICLE>   5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLIDATED-TOMOKA LAND CO.'S DECEMBER 31, 1997 10-K AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                          
<PERIOD-TYPE>                12-MOS
<FISCAL-YEAR-END>                       DEC-31-1997
<PERIOD-END>                            DEC-31-1997
<CASH>                                    9,387,433
<SECURITIES>                              1,026,679
<RECEIVABLES>                            11,843,323
<ALLOWANCES>                                      0
<INVENTORY>                              17,527,023
<CURRENT-ASSETS>                                  0
<PP&E>                                   26,197,934
<DEPRECIATION>                            9,306,797
<TOTAL-ASSETS>                           58,234,142
<CURRENT-LIABILITIES>                             0
<BONDS>                                           0
<PREFERRED-MANDATORY>                             0
<PREFERRED>                                       0
<COMMON>                                  6,371,833
<OTHER-SE>                               31,482,614
<TOTAL-LIABILITY-AND-EQUITY>             58,234,142
<SALES>                                  22,581,577
<TOTAL-REVENUES>                         23,950,663
<CGS>                                     8,347,587
<TOTAL-COSTS>                            11,760,675
<OTHER-EXPENSES>                          5,018,736
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                          913,287
<INCOME-PRETAX>                           6,257,965
<INCOME-TAX>                              2,246,367
<INCOME-CONTINUING>                       4,011,367
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                              4,011,367
<EPS-PRIMARY>                                   .64
<EPS-DILUTED>                                   .64