Preheat the oven to 325°F (165°C).
In a small bowl combine the ingredients for Cinnamon Sugar Mixture. Sprinkle half of it on top of the peaches. Reserve the other half for later.
Spray a large Bundt pan with cooking spray and set aside. I like to use coconut or avocado oil. Add half of peach slices on the bottom of the baking pan in a single layer. Carefully pour in melted butter and vanilla. Set aside.
For the Cake. Cream together the butter and sugar at high speed in a stand mixer or using a large bowl with a hand mixer until it’s fluffy and starting to look white, about 3-5 minutes.
Then add cream cheese and continue to whisk for 2 more minutes. Stir in the eggs, one at a time, beating the mixture well between each addition. Add vanilla and milk. Add sifted flour and baking powder and salt to the batter. Mix until just combined. Don't overmix.
Spoon over half of the batter on top of the thin slices of peach, and spread it out evenly with a spatula.
Then add another layer of the remaining peach. Sprinkle with the remaining Cinnamon Sugar Mixture.
Add another layer of batter.
On an even surface tap the bundt cake pan slightly to eliminate any large air bubbles.
Bake for about 90 minutes or more until a toothpick inserted into the center come out clean or with a few breadcrumbs. I recommend checking the cake towards 60 minute mark. Mine took 90 minutes.
Remove from oven and let cool for 10 minutes before taking it out from the pan.
To remove it, place a large plate on top of the bundt cake and quickly but gently turn it upside down. It should come out easily without much of resistance.
Meanwhile, whisk together powdered sugar, vanilla extract and milk. The glaze should be smooth and on the thicker side. It should be thick but thin enough to pour.
If not sure, you can test it first on a small part of the bundt cake, and see how it sets. If it is too runny or transparent, add more powdered sugar.
Once the cobbler cake is cooled completely, drizzle it with the vanilla glaze and wait for it to set for 5 minutes. Enjoy!