<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLIDATED-TOMOKA LAND CO.'S JUNE 30, 1999 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                       3,500,819
<SECURITIES>                                26,974,676
<RECEIVABLES>                               10,787,752
<ALLOWANCES>                                         0
<INVENTORY>                                 15,012,862
<CURRENT-ASSETS>                                     0
<PP&E>                                       8,659,661
<DEPRECIATION>                               (976,711)
<TOTAL-ASSETS>                              68,362,179
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    6,3671,833
<OTHER-SE>                                  38,471,132
<TOTAL-LIABILITY-AND-EQUITY>                68,362,179
<SALES>                                      9,311,000
<TOTAL-REVENUES>                             9,915,111
<CGS>                                        2,085,827
<TOTAL-COSTS>                                2,809,608
<OTHER-EXPENSES>                             1,470,872
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             397,817
<INCOME-PRETAX>                              5,236,814
<INCOME-TAX>                                 1,972,242
<INCOME-CONTINUING>                          3,264,572
<DISCONTINUED>                               9,110,257
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                12,374,829
<EPS-BASIC>                                       1.94
<EPS-DILUTED>                                     1.94