Add the peeled peach to a food processor. Blitz until smooth. This will make more puree than you will need for one cocktail, so make ALL THE COCKTAILS!
To make the hot honey: combine the honey, hot sauce, cayenne pepper, garlic powder, onion powder, and red pepper flakes in a microwave-safe bowl. Heat 1 minute on high. Stir to dissolve the granules.
In a shaker, combine 2 oz peach puree, the tequila, hot honey, Cointreau, and lime juice. Fill with ice and shake until cold. Pour into your favorite cocktail glass and add more ice as needed. Top off with sparkling water. Garnish with peach slices and fresh basil, as desired.
Notes
*Peach puree: You can certainly use canned peaches for this instead! Just strain out the water/juice before pureeing.
Keyword cocktails, drinks, honey, hot honey, margarita, peach, summer