If it is not showing gray or looking strange anymore, then unlikely you have water in the oil. It's possible if it sat for a long time that the dipstick tube had some condensation in it that mixed with the oil as you pulled the dipstick out. Particularly if there were some large temperature changes during that layup time.When I first checked the dipstick, the oil had kind of a grey color. I checked it again later, and it looked more like typical dark oil, but I’m still a bit concerned about that initial grey color.
Could that grey color have been from water getting into the oil? Or is it normal if the engine hasn’t run in a while?
If the oil hasn't turned obviously black, I've often found the color of the oil looks a bit different in different light and light levels. Maybe it was just that. If I am questioning the color, I blot it on some paper towel and my finger and go look at it in a more controlled light environment. Engine room lighting can be frustrating.
Mark