<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