<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>

<CIK>   0000852494
<NAME>  ARVIDA/JMB PARTNERS, L.P.-II

       
                                       
<PERIOD-TYPE>                             3-MOS
<FISCAL-YEAR-END>                         DEC-31-1996
<PERIOD-END>                              MAR-31-1996

<CASH>                                      2,588,455 
<SECURITIES>                                        0   
<RECEIVABLES>                               1,634,468 
<ALLOWANCES>                                   24,073 
<INVENTORY>                                10,293,218 
<CURRENT-ASSETS>                                    0  
<PP&E>                                      6,304,679 
<DEPRECIATION>                                      0   
<TOTAL-ASSETS>                             22,213,782 
<CURRENT-LIABILITIES>                               0  
<BONDS>                                             0   
<COMMON>                                            0   
<PREFERRED-MANDATORY>                               0   
<PREFERRED>                                         0  
<OTHER-SE>                               (129,901,999)
<TOTAL-LIABILITY-AND-EQUITY>               22,213,782 
<SALES>                                     2,809,375 
<TOTAL-REVENUES>                            2,809,375 
<CGS>                                       2,377,302 
<TOTAL-COSTS>                               2,377,302 
<OTHER-EXPENSES>                            5,546,411 
<LOSS-PROVISION>                                    0   
<INTEREST-EXPENSE>                                  0   
<INCOME-PRETAX>                            (5,114,338)
<INCOME-TAX>                                        0   
<INCOME-CONTINUING>                        (5,114,338)
<DISCONTINUED>                                      0   
<EXTRAORDINARY>                                     0   
<CHANGES>                                           0   
<NET-INCOME>                               (5,114,338)
<EPS-PRIMARY>                                  (15.61)
<EPS-DILUTED>                                  (15.61)