<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AS OF MARCH 31, 1998 AND THE STATEMENT OF OPERATIONS  FOR THE THREE MONTHS
ENDED MARCH 31, 1998 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>                         3-MOS
<FISCAL-YEAR-END>                                                                           DEC-31-1998
<PERIOD-START>                                                                              JAN-01-1998
<PERIOD-END>                                                                                MAR-31-1998
<EXCHANGE-RATE>                                                                                       1
<CASH>                                                                                        3,272,629
<SECURITIES>                                                                                          0
<RECEIVABLES>                                                                                         0
<ALLOWANCES>                                                                                          0
<INVENTORY>                                                                                  18,020,389
<CURRENT-ASSETS>                                                                                      0
<PP&E>                                                                                                0
<DEPRECIATION>                                                                                        0
<TOTAL-ASSETS>                                                                               29,058,553
<CURRENT-LIABILITIES>                                                                                 0
<BONDS>                                                                                               0
<PREFERRED-MANDATORY>                                                                                 0
<PREFERRED>                                                                                           0
<COMMON>                                                                                              0
<OTHER-SE>                                                                                   27,384,087
<TOTAL-LIABILITY-AND-EQUITY>                                                                 29,058,553
<SALES>                                                                                       1,777,248
<TOTAL-REVENUES>                                                                              2,038,626
<CGS>                                                                                         1,082,505
<TOTAL-COSTS>                                                                                         0
<OTHER-EXPENSES>                                                                                      0
<LOSS-PROVISION>                                                                                      0
<INTEREST-EXPENSE>                                                                                    0
<INCOME-PRETAX>                                                                                 783,910
<INCOME-TAX>                                                                                          0
<INCOME-CONTINUING>                                                                             783,910
<DISCONTINUED>                                                                                        0
<EXTRAORDINARY>                                                                                       0
<CHANGES>                                                                                             0
<NET-INCOME>                                                                                    783,910
<EPS-PRIMARY>                                                                                     15.66
<EPS-DILUTED>                                                                                         0
        

</TABLE>