Mariah Carey's NY party

Aug 9, 2008, 11:00 GMT

07/22/2008 - Mariah Carey - Celebrity Departures from MTV\'s TRL on July 22, 2008 - MTV Studios - New York City, NY, USA © Janet Mayer / PR Photos

Mariah Carey is set to celebrate her April wedding to Nick Cannon with a huge party.

The 'Touch My Body' singer - who tied the knot with rapper Nick after a whirlwind romance - has hired the Stone Meadow Farm in New York's East Hamptons for a week, at a cost of $125,000, for her and Nick to "chill out" in before they host the star-studded party.

The exclusive event - which will allow everybody who bought the couple wedding gifts to finally toast the married pair - will be hosted by Def Jam Recordings boss L.A. Reid in the 10-bedroom, 18,000 sq ft property.

If the party and the week of relaxing goes well, Mariah will be given the option to buy the expansive farm for a staggering $20 million, according to the New York Post newspaper.

Mariah recently revealed she has never been happier than she is now.

She said: "It's definitely the best place I've ever been in my life. If you really look at my life, I've never had a personal life, or if I did, it was just wearing a mask and it was not existing, you know?

"I put my career ahead of my personal life because I think I didn't know that I was deserving of both, because that was just how I always felt about myself. That was just my own insecurity and land in which I live."