Condensation? That is a lot of water for normal condensation. I would be looking to coolant slowly seeping into the oil. Head gasket is the usual suspect, but due to lack of coating on the top of the head, the water could be coming from the intake, oil cooler, or other low water flow source. As others have said look in the oil filter housing and if the oil looks normal thing look hopeful for condensation. Get the oil changed without hesitation, as just a little water (even from condensation) can displace enough oil to ruin the big end. Take the car out at least once a week and not only get it hot but run it. Various loads and a good highway run to keep the condensation at bay.
1 of 75 ANTHRAZIT METALLIC (397) / WALK NAPPA/SCHWARZ (M1SW)
348.64 WHP / 343.65WTQ Tuned by BMW Motorsports 4/2001 Bone Stock at 145,000Miles.