<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED-TOMOKA LAND CO.'S 1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 503,545 <SECURITIES> 1,290,955 <RECEIVABLES> 11,100,188 <ALLOWANCES> 0 <INVENTORY> 19,722,367 <CURRENT-ASSETS> 0 <PP&E> 40,625,924 <DEPRECIATION> 12,963,272 <TOTAL-ASSETS> 61,535,415 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 6,261,272 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 24,768,820 <TOTAL-LIABILITY-AND-EQUITY> 61,535,415 <SALES> 26,102,744 <TOTAL-REVENUES> 28,726,191 <CGS> 10,001,845 <TOTAL-COSTS> 4,977,642 <OTHER-EXPENSES> 1,560,395 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,917,447 <INCOME-PRETAX> 10,268,862 <INCOME-TAX> 3,778,461 <INCOME-CONTINUING> 6,490,401 <DISCONTINUED> (135,611) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,354,790 <EPS-PRIMARY> 1.01 <EPS-DILUTED> 1.01