<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