Begin by cubing the seedless watermelon into one-inch pieces. Slice the ripe peaches thinly. Add both to a large mixing bowl.

Crumble the feta cheese over the fruit in the mixing bowl. Gently tear fresh basil leaves and scatter them atop the salad.

In a small bowl, whisk together olive oil and lime juice. Add a pinch of salt and pepper.

Drizzle the dressing over the fruit and cheese mixture. Toss gently to ensure all ingredients are coated.

Chill the salad in the refrigerator for about 10-15 minutes before serving.