Newly-Engaged Mariah Carey and James Packer Renting $250,000 per Month House Because They Can

Here's Your First Look at Mariah Carey's MASSIVE Engagement Ring
Think the biggest engagement ring you've ever seen, then double it

Queen Mimi and her new billionaire fiancé James Packer are officially becoming renters!

Yep, you heard that right. Mariah Carey and Packer are renting – for a mere $250,000 a month, that is.

The lifestyles of the rich and famous are well and alive. Carey and Packer will reportedly be shelling out the big bucks in order to rent an 18,000 square-foot mansion in the same neighborhood as the Kardashians.

A source confirmed the news to E!, but we have no trouble believing it knowing that Mariah’s ring alone cost a humble $35 million, and Packer’s estimated net worth is somewhere around $4.5 billion, or more.

…So…anyways.

The neighborhood in question is the ritzy double-gated community known as The Oaks. Kris Jenner calls herself a member of the community, as does NBA star Chris Paul.

As for the grandiose amenities, it’s fully equipped with a sauna, gym and home movie theater, sitting on one whole acre with, as can be expected, great views. No expense was overlooked, and so much attention was reportedly paid to every detail that the house took five years to build and has never before been on the market. According to a source, Emil Hartoonian from The Agency brokered the deal for Mariah and co., giving her the lease with an option to buy.

Carey wanted to be in a safe neighborhood for her kids, twins Morocco and Monroe, as well as stay nearby her friendly ex, Nick Cannon, with whom she shares custody.

Nick for his part is super happy and congratulatory for Mariah, posting this hilarious photo to Instagram:

Congrats to Mariah and Packer on moving, well, on up to the top.

[E! news]