<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
Consolidated-Tomoka Land Co.'s March 31, 1998 10-Q and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         518,026
<SECURITIES>                                 5,075,203
<RECEIVABLES>                               12,418,584
<ALLOWANCES>                                         0
<INVENTORY>                                 15,945,872
<CURRENT-ASSETS>                                     0
<PP&E>                                      28,255,128
<DEPRECIATION>                               9,461,020
<TOTAL-ASSETS>                              55,311,345
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,371,833
<OTHER-SE>                                  29,682,623
<TOTAL-LIABILITY-AND-EQUITY>                55,311,345
<SALES>                                      6,046,443
<TOTAL-REVENUES>                             6,303,916
<CGS>                                        3,852,025
<TOTAL-COSTS>                                4,788,439
<OTHER-EXPENSES>                               639,151
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             201,399
<INCOME-PRETAX>                                674,927
<INCOME-TAX>                                   244,776
<INCOME-CONTINUING>                            430,151
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   430,151
<EPS-PRIMARY>                                      .07
<EPS-DILUTED>                                      .07