<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from
Consolidated-Tomoka Land Co.'s December 31, 1998 10-K and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         283,200
<SECURITIES>                                 1,191,390
<RECEIVABLES>                                9,115,868
<ALLOWANCES>                                         0
<INVENTORY>                                 13,597,967
<CURRENT-ASSETS>                                     0
<PP&E>                                       8,209,662
<DEPRECIATION>                                 855,043
<TOTAL-ASSETS>                              50,101,451
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,371,833
<OTHER-SE>                                  28,326,445
<TOTAL-LIABILITY-AND-EQUITY>                50,101,451
<SALES>                                      6,388,289
<TOTAL-REVENUES>                             7,304,793
<CGS>                                        1,589,209
<TOTAL-COSTS>                                4,866,888
<OTHER-EXPENSES>                             1,488,620
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             830,110
<INCOME-PRETAX>                                119,175
<INCOME-TAX>                                    18,956
<INCOME-CONTINUING>                            100,219
<DISCONTINUED>                               1,203,895
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,304,114
<EPS-PRIMARY>                                       .2
<EPS-DILUTED>                                       .2