<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FOR THE
CONSOLIDATED-TOMOKA LAND CO.'S 1995 FIRST QUARTER 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FIANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                         396,465
<SECURITIES>                                 1,327,827
<RECEIVABLES>                               10,095,285
<ALLOWANCES>                                         0
<INVENTORY>                                 19,526,956
<CURRENT-ASSETS>                                     0
<PP&E>                                      40,727,539
<DEPRECIATION>                              13,217,696
<TOTAL-ASSETS>                              60,303,680
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                     6,261,272
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  23,262,068
<TOTAL-LIABILITY-AND-EQUITY>                60,303,680
<SALES>                                      4,681,798
<TOTAL-REVENUES>                             4,855,164
<CGS>                                        3,381,536
<TOTAL-COSTS>                                4,315,693
<OTHER-EXPENSES>                               520,876
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             433,517
<INCOME-PRETAX>                              (414,922)
<INCOME-TAX>                                 (160,424)
<INCOME-CONTINUING>                          (254,498)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (254,498)
<EPS-PRIMARY>                                   (0.04)
<EPS-DILUTED>                                   (0.04)