According to the pilot, he noted the wind was calm as he made his traffic pattern approach to the runway. The pilot reported that he started turning onto "base leg a little too soon and ended up high on final." Thereafter, he reduced engine power and lowered the nose still thinking that he would be able to "get down and land with plenty of runway." The pilot further reported that the airplane "floated much further" than expected, and he believed that he could still brake to a stop safely. The airplane overran the runway's end, and it came to rest on an embankment with collapsed landing gear and a bent wing. The pilot reported that no mechanical malfunctions were experienced with his airplane.