<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