<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLDIATED-TOMOKA LAND CO.'S JUNE 30, 1998 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                         534,491
<SECURITIES>                                 2,867,625
<RECEIVABLES>                               12,130,340
<ALLOWANCES>                                         0
<INVENTORY>                                 16,993,913
<CURRENT-ASSETS>                                     0
<PP&E>                                      26,528,082
<DEPRECIATION>                               8,550,389
<TOTAL-ASSETS>                              52,336,459
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,371,833
<OTHER-SE>                                  29,903,621
<TOTAL-LIABILITY-AND-EQUITY>                52,336,459
<SALES>                                     10,572,116
<TOTAL-REVENUES>                            10,908,047
<CGS>                                        6,527,216
<TOTAL-COSTS>                                8,457,704
<OTHER-EXPENSES>                             1,023,930
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             402,409
<INCOME-PRETAX>                              1,024,004
<INCOME-TAX>                                   372,855
<INCOME-CONTINUING>                            651,149
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   651,149
<EPS-PRIMARY>                                      .10
<EPS-DILUTED>                                      .10