<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