1. Heat grill to medium.
2. Cut four 12-inch squares of aluminum foil. Divide the peaches onto the foil squares. Divide the butter, sugar, and cinnamon over peaches; fold foil to seal edges. Place the packets on the grill; cover. Cook until the peaches are soft and the butter has melted, 15 minutes. Remove; let sit, 5 minutes.
3. Place one large scoop of ice cream into 4 bowls; top each with some of the peach mixture. Sprinkle granola over top; drizzle with caramel sauce.
Serves 4. Per serving: 700 calories, 91g carbs, 7g protein, 85mg cholesterol, and 36g fat.
Next up: Bobby Flay's Sweet & Spicy Kettle Corn