This prized peach tree is one of the most popular heirloom varieties. In the spring, it is covered in fragrant pink blossoms. These blossoms are followed by large, yellow freestone peaches that redden and ripen in mid to late summer.The Elberta Peach tree produces as much as 150 pounds of sweet and juicy fruit each year. These peaches are perfect for canning, baking, or as a sweet, juicy snack on a hot summer day.