The Peach Tree is a large fruit bearing tree in Watcher's Hollow, in the northern part of Lake Doric. Various peaceful ghosts surround the area, and a guardian spirit will gift visitors with a Magic-Imbued Peach once a day.
There is a crack in the rocks northeast of Noran's Homestead. Follow the path to a small opening, and complete the small jumping puzzle to reach the tree. It is also possible to descend from Watchtower Cliffs, through either gliding or reverse jumping puzzle.