Abaco Police have classified Mr Carroll's death as suspicious and are awaiting the results of an autopsy.
According to police, a resident of Green Turtle Cay spotted a body in the water near the beach at Sundowners Restaurant and Bar around l0am.
A team of officers from Marsh Harbour went to the area by boat and retrieved the body of a white Bahamian man from the water. The victim was naked. There were also a few superficial bruises.
Supt Basil Rahming, press liaison officer for the northern Bahamas, said it appeared that the body had not been in the water for more than five hours.
He said the victim was ferried to Cooper's Town Clinic and officially pronounced dead.
Arrangements have been made to have Mr Carroll's body flown to New Providence, where an autopsy will be performed to determine the cause of death. Meanwhile, police are continuing investigations.
BY DENISE MAYCOCK Tribune Freeport Reporter