This is one of the best of the red peonies from the “lobata hybrid” group.  It is tall and holds its flowers well above the foliage.

Cultivar: Montezuma
Year: 1943
Seedling No: 11139. Page 22r of Saunders’ Notebook I
Parentage: 7: lactiflora 1195 X 5267 lobata (seedling believed to be lobata)
Flower: Color: red, conspicuous outer white flares
Form: semi-double, 3 rows of petals, about 14
Blooms: Week 5
Carpels: 3-5, pale green, woolly
Stigmas: dark pink/red
Disc: white, conspicuous
Stamens: filaments lemon yellow at base, shading to gold
Plant: Habit: upright
Foliage color: dark green, shining
Foliage form: medium sized leaves, heavy stems
Height: 48″ (reported)
Recommendation: Recommended
Availability: Several specialty nurseries