The fact that a product, with particular ASIN, exists on Amazon web site doesn't mean that it will be available through the Amazon Product API.
There is obviously inconsistency between the Product API repository and the one for the products you see on the Amazon web pages (whether it's is related to the price, color, images etc). You can't do much about that - all you can do is to wait for it to become available through the API (sometimes it happens that the content become available with delay).
I've been experiencing the same problem with Amazon API for years.
UPDATE:
Problem with this particular product is that its ASIN has been changed, so you've been using wrong ASIN to fetch the product via API.
If you look carefully on the web page for your original link, you'll notice that the ASIN listed on the page (B00H1OUSD2) is different from the one you've been using (B00281Z86A). Sometimes Amazon changes the product ASIN (without notifying the API users, of course).
Here is the link with a valid product ASIN (I tried to fetch the product with this ASIN via API and it returned a valid object).