<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
            THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
   EXTRACTED FROM THE BALANCE SHEET AS OF SEPTEMBER 30, 1997 AND
           THE STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
                                   TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                         824098
<NAME>                        SCOTTSDALE LAND TRUST LIMITED PARTNERSHIP
<MULTIPLIER>                                         1
<CURRENCY>                               U. S. DOLLARS
                                         
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1997
<PERIOD-END>                                                         SEP-30-1997
<EXCHANGE-RATE>                                                                1
<CASH>                                                                11,523,120
<SECURITIES>                                                                   0
<RECEIVABLES>                                                                  0
<ALLOWANCES>                                                                   0
<INVENTORY>                                                           21,228,312
<CURRENT-ASSETS>                                                               0
<PP&E>                                                                         0
<DEPRECIATION>                                                                 0
<TOTAL-ASSETS>                                                        40,490,369
<CURRENT-LIABILITIES>                                                          0
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                       0
<OTHER-SE>                                                            30,331,523
<TOTAL-LIABILITY-AND-EQUITY>                                          40,490,369
<SALES>                                                               16,507,620
<TOTAL-REVENUES>                                                      17,317,489
<CGS>                                                                  9,910,299
<TOTAL-COSTS>                                                                  0
<OTHER-EXPENSES>                                                               0
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                        6,694,988
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                    6,694,988
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                           6,694,988
<EPS-PRIMARY>                                                             133.88
<EPS-DILUTED>                                                                  0
                                                                     

</TABLE>