Abstract We present the results from a coordinated XMM-Newton + NuSTAR observation of the Seyfert 1 galaxy ESO 511−G030. With this joint monitoring program, we conduct a detailed variability and spectral analysis. The source remained in a low flux and very stable state throughout the observation period, although there are slight fluctuations of flux over long timescales. The broadband (0.3–78 keV) spectrum shows the presence of a power-law continuum with a soft excess below 2 keV, a relatively narrow iron Kα emission (∼6.4 keV), and an obvious cutoff at high energies. We find that the soft excess can be modeled by two different possible scenarios: a warm (kT _e ∼ 0.19 keV) and optically thick (τ = 18–25) Comptonizing corona or a relativistic reflection from a high-density ( log [ n e / cm − 3 ] = 17.1 – 18.5 ) inner disk. All models require a low temperature (kT _e ∼ 13 keV) for the hot corona.