<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1999 AND CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR THEN ENDED AND THE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000771934 <NAME> Atlantic Gulf Communities Corporation <MULTIPLIER> 1,000 <CURRENCY> USD <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <EXCHANGE-RATE> 1 <CASH> 10,295 <SECURITIES> 0 <RECEIVABLES> 9,974 <ALLOWANCES> 0 <INVENTORY> 121,116 <CURRENT-ASSETS> 0 <PP&E> 14,323 <DEPRECIATION> (1,573) <TOTAL-ASSETS> 162,952 <CURRENT-LIABILITIES> 0 <BONDS> 145,378 <PREFERRED-MANDATORY> 68,841 <PREFERRED> 0 <COMMON> 1,282 <OTHER-SE> (81,713) <TOTAL-LIABILITY-AND-EQUITY> 162,952 <SALES> 64,392 <TOTAL-REVENUES> 75,632 <CGS> 60,851 <TOTAL-COSTS> 128,747 <OTHER-EXPENSES> 2,784 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,951 <INCOME-PRETAX> (61,850) <INCOME-TAX> 0 <INCOME-CONTINUING> (78,252) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (78,252) <EPS-BASIC> (6.33) <EPS-DILUTED> (6.33)