<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.

<CIK>             0000771934
<NAME>            Atlantic Gulf Communities Corporation
<MULTIPLIER>      1,000

                                                      
<PERIOD-TYPE>                                            YEAR
<FISCAL-YEAR-END>                                        DEC-31-2000
<PERIOD-START>                                           JAN-01-2000
<PERIOD-END>                                             JUN-30-2000
<CASH>                                                         4,368
<SECURITIES>                                                       0
<RECEIVABLES>                                                  6,490
<ALLOWANCES>                                                       0
<INVENTORY>                                                  125,665
<CURRENT-ASSETS>                                                   0
<PP&E>                                                        12,016
<DEPRECIATION>                                                (1,664)
<TOTAL-ASSETS>                                               150,287
<CURRENT-LIABILITIES>                                              0
<BONDS>                                                      135,842
<PREFERRED-MANDATORY>                                         76,857
<PREFERRED>                                                        0
<COMMON>                                                       1,283
<OTHER-SE>                                                   (95,658)
<TOTAL-LIABILITY-AND-EQUITY>                                 150,287
<SALES>                                                       20,055
<TOTAL-REVENUES>                                              25,024
<CGS>                                                         17,661
<TOTAL-COSTS>                                                 22,401
<OTHER-EXPENSES>                                               5,957
<LOSS-PROVISION>                                                   0
<INTEREST-EXPENSE>                                             3,311
<INCOME-PRETAX>                                              (13,950)
<INCOME-TAX>                                                       0
<INCOME-CONTINUING>                                                0
<DISCONTINUED>                                                     0
<EXTRAORDINARY>                                                    0
<CHANGES>                                                          0
<NET-INCOME>                                                 (13,950)
<EPS-BASIC>                                                    (1.13)
<EPS-DILUTED>                                                  (1.13)