<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from Consolidated-Tomoka Land Co.'s March 31, 1999 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 393,824 <SECURITIES> 1,173,333 <RECEIVABLES> 9,387,812 <ALLOWANCES> 0 <INVENTORY> 13,528,871 <CURRENT-ASSETS> 0 <PP&E> 8,359,859 <DEPRECIATION> 913,959 <TOTAL-ASSETS> 49,964,289 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,371,833 <OTHER-SE> 26,952,677 <TOTAL-LIABILITY-AND-EQUITY> 49,964,289 <SALES> 1,290,526 <TOTAL-REVENUES> 1,487,536 <CGS> 328,034 <TOTAL-COSTS> 1,142,128 <OTHER-EXPENSES> 757,619 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 232,587 <INCOME-PRETAX> (644,798) <INCOME-TAX> 250,575 <INCOME-CONTINUING> (394,223) <DISCONTINUED> 1,250,597 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 856,374 <EPS-PRIMARY> .13 <EPS-DILUTED> .13