By Candace Jackson

Nelson Gonzalez/EWM Realtors
This Miami Beach, Fla. home has hit the market for $45 million.

Leroy Schecter, the chairman of steel manufacturing company Marino/Ware Industries, has put his Miami Beach, Fla. home on the market for $45 million.

Located on Indian Creek Island, a gated village on a private island with a golf course, the nearly two-acre property has 200 feet of waterfront. The 21,746-square-foot home was built in 2000 and has seven bedrooms and 14 bathrooms. There is also a library, billiard room, yoga room and a seven-car garage. An outdoor infinity pool has a cabana house with two bathrooms as well as steam and massage rooms.

Mr. Schecter, 85, is primarily based in New York. He originally listed the Florida home about four years ago for $32 million. He later raised the price to $35 million, and then took it off the market.

Nelson Gonzalez of Esslinger-Wooten-Maxwell Realtors, the listing broker, says the price is now higher because of the unprecedented number of high-end sales on the island in recent months. In March, a home next door sold for nearly $40 million to hedge-fund manager Edward S. Lampert, a county record, according to local brokers. Last year, Mr. Schecter sold a vacant lot he also owned on the island for $15 million.

Nelson Gonzalez/EWM Realtors
Located on Indian Creek Island, a gated village on a private island, the home has seven bedrooms and 14 bathrooms.

Mr. Schecter is selling the home because he plans to donate 90% of his net worth to charitable causes after his death, including most of the proceeds from this sale, says Mr. Gonzalez.

Mr. Schecter also owns adjacent condominiums in Manhattan’s 15 Central Park West building, one of which he leased to the Yankee star Alex Rodriguez.