Wow. Peach trees are quick to bear fruit and easily replaced. If you don’t like the rootstock peach graft over it or just get a new tree

Many of us suburbanites have a chain saw laying around, or a neighbor with one that we could borrow ... but we rarely get a chance to use it. You my friend have an excellent excuse to burn gas & oil simultaneously for a good cause, while enjoying the sweet, irreplaceable audible signature of a high revving two stroke engine !!!

If your statement is really true, it should be removed, since this goal is impossible with the existing tree : "My main goal for this peach tree is to have a beautiful, large, healthy tree , " That ship has already sailed, no turning back ...

If it were me ... cut as low as possible to the ground ... build a 3 ft x 3 ft and maybe 10-12 inch high box around it and fill it with good soil ... or encircle it in some way with rocks or something and do the same, put a big mound of soil over the old tree remains ... then plant a new one of your choice and mulch ...have fun watching it grow and prune and nurture it your way.

photo #3 shows a large circling root going around the trunk. Circling roots KILL trees over time.

Should you decide to keep this tree, please cut the circling root.

There is nothing inherently wrong with a peach tree with multiple trunks. It will "thrive" just as well as one with a single trunk! However, multiple trunks with most fruit trees are not common and would lead me to suspect that this is grown from seed....probably several seeds........in which case, the fruit it produces may not be very desirable. Seed grown fruit trees to not come true to form.

Like spartanapples, I would be more concerned about the circling root than I would about multiple trunks. If that cannot be corrected satisfactorily, I'd suggest removal.

I would also NOT suggest cutting the tree, piling soil over the trunk and planting directly on top. The remaining trunk and root system will eventually decompose and when that happens, will create a void and the added soil will sink, putting the new tree below grade. And that is something you want to avoid. It is just as harmful to the health of the tree as the circling root showing :-)

I would caution this as a goal "My main goal for this peach tree is to have a beautiful, large, healthy tree". Larger peach trees are difficult to maintain and harvest. The larger the tree, the more opportunity for limbs to break in wild wind storms and it's difficult to harvest fruit from 20' above. I am in the process of having to remove my beloved peach tree because I just let it get too big. If you decide to get a new tree, definitely research pruning small. It's the way they do it in the orchards and if I ever have another peach tree, it's what I would do as well.

Thank you everyone for your feedback and insight. Your collective knowledge is impressive! Not to mention your willingness to help an amateur such as myself. I haven't decided yet what my next course of action is but I certainly feel far less pressure to "fix" this tree. Y'all have provided several options and I think that almost any one of them are better than the best ideas I had prior to your input. Thank you!