After the X-Men are chased out of their new base in San Francisco by Norman Osborn and the Dark Avengers, in the conclusion to the Dark Reign storyline Utopia, Cyclops sets up the new headquarters and mutant sanctuary on the ruins of the original Asteroid M which was raised from the bottom of the ocean. Christening it "Utopia," this version is more of a haven than a base of operations, brought on not by a desire to make a place among mankind, but to simply get away from it.
The island first appeared to be in trouble of only being a temporary home as the technology keeping it afloat was not stable and the island was starting to sink back into the ocean. However, the X-Men were able to broker a deal with one of their newest members, Namor, in which he and his people would help construct a pillar underneath the island, connecting it to the ocean floor and keeping it afloat. This pillar would also serve as the new home to the Atlanteans, who had been scattered across the sea ever since Atlantis was destroyed.
Residents:
Cyclops
Emma Frost
Storm
Colossus
Psylocke
Dazzler
Jubilee
Danielle Moonstar
Magma
Sunspot
Karma
Magik
Cypher
Warlock
Warpath
Cecilia Reyes
Surge
Domino
Boom Boom
Hepzibah
Pixie
Sub-Mariner
Professor X
Hope Summers
Magneto
Legion
Ink
The Stepford Cuckoos
Prodigy
Madison Jeffries
Doctor Nemesis
Dr. Kavita Rao
Cipher
Transonic
Velocidad
Primal
Zero
Dragoness
Avalanche
Nekra
Lorelei
Rhaspsody
X-Treme
Stinger
Bliss
Erg
Ernst
Neophyte
Random
Outlaw
Litterbug
Leech
Glob Herman
Omega Sentinel
Atlanteans:
Commander Krang
Selach
Crosta
Loa
Former Residents:
Wolverine
Archangel
Iceman
Rogue
Gambit
Shadowcat
Northstar
Cannonball
Husk
Fantomex
X-23
Frenzy
Oya
Toad
Kid Omega
Anole
Armor
Greymalkin
Bling
Gentle
Blindfold
Hellion
Rockslide
Match
Mercury
Trance