No, that is not how condensation works, otherwise you would have automatically more condensation on the wall in a larger room. The amount of condensation on the walls is not dependent on the size of the room or the fact that it condensates on the other walls. It depends on air humidity, air temperature, wall temperature and finally, very important, wall humidity. Water will not keep on accumulating on the wall, it will reach an equilibrium at some point, when the wall itself has become moist. The fact there is condensation or not on the other walls has negligible impact on total air humidity, most of all in larger rooms. And that's the only factor out of the 4 I could imagine being impacted by condensation (or not) on the other walls.
Hence, I still do not understand the logic why isolating only a subset of walls instead of all of them would be a problem.
As I said, I had an energy efficiency specialist at my home which said that isolating 3 walls would be 75% as efficient as isolating 4 and totally recommended. So far, I have not seen any solid logic supporting the fact that isolating only 3 walls instead of 4 would *increase* the risk of mold compared to either, 4-walls all insulated, or, zero walls insulated.